President-elect Donald Trump announced the launch of the “TRUMP” meme coin on the 17th (local time). However, there are also concerns about the possibility of account hacking.
That day, Trump declared on his social network “Truth Social”: “I present my official meme piece “TRUMP”. It can be purchased via the home page.
According to the information presented on the homepage, TRUMP is built on Solana (SOL). The initial issuance is 200 million, with a total of 1 billion TRUMP to be issued over three years.
TRUMP showed huge upside, hitting $3.7 at launch. Currently, TRUMP is trading at around $2.9, an increase of 1,450% from the initial price of $0.18. Its market capitalization stands at $2.6 billion.